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Name, address and Federal Identification Number of Debtor and Record Owner of Real Estate: Nanie and address of Secured Party: Description of the Types or 'items) of property covered by this financing statement: Descri ption of real estate to which all or a part of the collateral is attached or upon which it is located: Concordia Academy Association of Schools 2400 North Dale ',street Roseville, MN 55113 Premier Bank 2866 White Bear Avenue Maplewood, N4N 55109 ffilm= See Exhibit "A" attached hereto Some of the above-described collateral is or is to blecome fi xturels, upon or minerals and mineral rights located upon the real estate described on Exhibit "A", and this financing statement is to be filed for record In the public real estate records. AND THE MORTGAGOR, for the Mortgagor, the Mortgagor's successors, and assigns, does covenant with the Mortgagee, the Mortgagee's successors and assigns, that the Mortgagor is lawfully seized of the Mortgaged Property and has good right to sell and convey thie same; that the Mortgaged Property is free from all encumbrances except as may , be further stated in this Mortgage; that the Mortgagee, the Mortgagee's successors, and assigns, shall quiletly enjoy and possess the Mortgaged Property; and that the Mortgagor will WARRANT AND, DEFEND tile title to the same against all lawful claims not specifically excepted in this Mortgage. PROVIDED, NEVERTHELESS, that if the City shall pay the principal balance of the Note 'in full, plus interest at the rate set forth in the Note, on the unpaid principal balance, as computed In accordance with the terms and conditions of the Note, and any other sums due and owing under the Note (including all extensions, modifications, renewals and replacements thereolf), and shall also pay or cause to be paid all other sums, with interest thereon, as may be advanced by the Mortgagee in accordance with this Mortgage either to protect the lien of this Mortgage, or by way of additional loan, and shall also keep and perforni all and singular the covenants, herein, required on the part of the Mortgagor to be -kept and performed the Nolte, together with all extensions,, modifications, renewals and replacements thereof,, and all suich sums advanced under this Mortgage, together with 'Interest thereon, and such covenants herein collectively referred to as the "Indebtedness Secured Hereby"), then this Mortgage shall ble null and void, in which event the Mortgagee will execute and deliver to the Mortgagor in form suitable for recording a full satisfaction of this Mortgage* otherwise this Mortgage shall remain in full force and effect. I ARTICLE 1 GENERAL COVENANTS, AGREEMENTS....WARRANTIES 2150387vl 3